To prevent public financing of oil or gas field development projects, surveying or extraction activities, processing facilities, pipelines, or terminals, or other oil and gas production or distribution operations or facilities, and for other purposes.

Summary

Amends the Export-Import Bank Act of 1945 to prohibit the Export-Import Bank of the United States from guaranteeing, insuring, or extending credit: (1) in connection with an oil or gas project; or (2) to any entity that may use the guarantee, insurance, or credit to finance such a project. Amends the Foreign Assistance Act of 1961 to prohibit the Overseas Private Investment Corporation from issuing any contract of insurance or reinsurance or any guarantee, or entering into any financing agreement for an oil or gas project, or to taking such actions respecting any person who will insure or finance such project. Amends the International Financial Institutions Act to direct the Secretary of the Treasury to use U.S. influence to oppose multilateral development institution assistance to gas or oil development projects.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 April 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 17 April 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 17 April 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 April 2007

   Introduced

   Introduced in House

   Source: IntroReferral

5. 8 June 2007

   Referred

   Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 April 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 April 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 April 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 April 2007

  Open at official source

Sponsors

• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Jackson, Jesse L., Jr. [D-IL-2] · D · Cosponsor
• · hsba00 · Standing
• · hsfa00 · Standing

Related records

No cross-record relationships stored yet.